Convex Raises $57M Series B

Convex, an application backend startup based in San Francisco, has secured $57 million in a Series B funding round. Founded by former Dropbox infrastructure engineers, the company provides a platform designed for software development alongside AI coding agents, offering ACID transactions and automatic data synchronization. This latest investment brings the company's total funding to $83 million, following a $26 million Series A round in 2022.

Investors

This round was led by Insight Partners, a venture capital firm focused on software and internet-enabled businesses. Additional participation came from Etna Labs, Spark Capital, Andreessen Horowitz, and Justin Kan.

Convex Use of Funds

Convex plans to use the capital to close the gap between its current platform implementation and the scale required by its growing customer base. The company intends to hire extensively across engineering, product, marketing, and go-to-market roles, while further developing its platform capabilities, specifically its reactive state graph and the roll-out of Convex Components, which are designed as sandboxed building blocks for AI agents.

About Convex

Convex was founded by former Dropbox infrastructure engineers with a mission to redefine the backend market for modern software development. The company provides an application backend that handles data management, ACID transactions, and type safety, specifically optimized for teams utilizing AI coding agents to generate software.

Funding Details

Company Website: https://convex.dev

Company: Convex
Raised: $57M
Round: Series B
Funding Date: August 4, 2026
Lead Investor: Insight Partners
Additional Investors: Etna Labs, Spark Capital, Andreessen Horowitz, Justin Kan
Company Website: https://convex.dev
Software Category: Developer Tools and Backend Infrastructure
Source: https://www.unite.ai/convex-raises-57m-series-b-to-build-the-backend-for-agent-written-software/